Tuesday, January 20, 2009

WEAK CUES

Markets yesterday were doing nothing , moving in a tight range and were a tad overbought..Our decision to get into (PUTS IN LATE TRADE will pay DIVIDENDS in the OPENING today itself)..2760-and deeper down 2700-20 range should provide some support ..Resistance again is in the 2860-80 zone over which 2950 appears to be a good supply zone. Had advocated caution to small invetsors /traders of this whipsaws a few days back ?????keeping booking profits either way.. ....cheers..

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